All Finance articles – Page 503
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NewsArla Foods strengthens presence in Southeast Asia with ICBP joint venture
Arla Foods is set to strengthen its business in Southeast Asia by establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (ICBP), a major fast-moving consumer goods companies and dairy player in Indonesia.
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NewsBooths sees losses balloon to £13.5m as it struggles in competitive market
Sales at the retailer, which reportedly hired bankers at Rothschild in November to explore a potential sale, sank another 4.3% to £263.4m in the year ended 1 April 2017.
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NewsSainsbury's gears up for £160m 'frenzied Friday' boost
The supermarket estimates 5.2 million customers will visit a Sainsbury’s store today to stock up for Christmas
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Comment & Opinion2017's mega-deals in review - Akeel Sachak
As 2017 draws to a close, we can wave goodbye to another buoyant year for M&A activity, says Akeel Sachak, the global head of consumer for Rothschild.
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NewsCity snapshot: Raisio sells Fox's Glacier Mints and confectionery business to Valeo Foods
Embattled Finnish group Raisio has sold its confectionery business, which includes the Fox’s Glacier Mints and Poppets brands, to Rowse Honey owner Valeo Foods in a deal worth €100m. However, Raisio will record a €38m loss on the sale
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NewsSales surge at London craft brewery Camden Town
Revenues for the brand, snapped up by brewing behemoth AB InBev in January 2016, grew £2.53m to £16.9m
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NewsMedia Bites 22 December: Tesco/2 Sisters, plastic recycling
There is little in the way of food and drink news in this morning papers, but the survival of Toys R Us generates plenty of headlines in wider retails. And an MP says Tesco chief must explain silence over second 2 Sisters factory.
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Comment & OpinionFive key deals to sum up food and drink M&A in 2017
Catalyst Corporate Finance directors Simon Peacock and Charles Lanceley identify five of the year’s most significant deals, each illustrating trends underpinning M&A activity in food and drink during 2017.
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NewsSeabrook refinances with £23m growth package
Seabrook Crisps has agreed a £23m refinancing package to support its growth strategy.
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NewsFruitapeel acquired by Belgian ingredients business Puratos
The acquisition, for an undisclosed sum, comes less than seven months after Terry and Deborah Haigh bought the Fruitapeel business from existing fellow shareholders in an MBO.
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Comment & OpinionA bleak Christmas for opponents of the rubberstamped Tesco-Booker deal
For bitter opponents, reading the CMA’s verdict must feel like an untimely dose of the norovirus
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NewsPM insists EU free-trade deal before Brexit is possible
General election delay to negotiations will not affect ability to secure deal before 29 March 2019 insists May
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Comment & OpinionAn interesting year for food & drink M&A - Shaun Browne
The underlying performance of many UK food manufacturers has been mixed, with many companies not achieving the ambitious targets they set for themselves at the beginning of the year. Despite this, the quantum of M&A activity in the sector has been broadly consistent with 2016.
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NewsMedia Bites 21 December: Nomad/Goodfellas, Tesco/Booker, General Mills
Nomad Foods is in talks to acquire the UK’s Goodfella’s Pizza for about £200m in a deal, according to this morning’s papers.
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NewsCity snapshot: Consumer confidence continues decline ahead of Christmas
Consumer confidence continued to slide in December as the long-running GfK index marked almost two years of declining sentiment for shoppers. Plus, a review of 2017 food and drink M&A
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NewsBill Hunter promoted to MD role at Ornua's UK division
Newly created role at Ornua Foods UK reports to Ornua Foods Europe CEO John Jordan
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News'No deal' with EU would hike UK food prices, admits Gove
The UK would not opt out of WTO tariffs to lower costs for consumers, he warned
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NewsAdjudicator urges supermarkets to set up supplier helplines
Helplines would help suppliers raise issues without fear of being delisted, says Tacon
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NewsMedia Bites 20 December: 2 Sisters/Tesco, Steinhoff, M&S
2 Sisters is back in the papers again as its food safety scandal rumbles on; and Steinhoff conitnues to make headlines as it admits its financial position is “evolving daily”.
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NewsCity snapshot: Tesco and Booker set to complete £3.7bn merger after formal clearance by CMA
Tesco and Booker have been formally given the go ahead this morning by the competition authority to complete their £3.7bn merger. Plus, Supermarket Income REIT acquires Tesco Extra supermarket in the North Lanarkshire from Legal and General for £50m